IndyCar owners sell company that created Hulman familyfortune

Click to share on Facebook (Opens in new window)

Click to share on Twitter (Opens in new window)

Click to share on Flipboard (Opens in new window)

Click to share on Reddit (Opens in new window)

Click to email this to a friend (Opens in new window)

INDIANAPOLIS Without Clabber Girl Baking Power making the Hulman family of Terre Haute, Indiana, into one of the wealthiest families in Indiana in the late 1800s and throughout the 20thcentury, there probably wouldnt be an Indianapolis 500 in existence today.

That is why Wednesday mornings news that Hulman & Company was selling Clabber Girl to B&G Foods of Parsippany, New Jersey, was important.

The Clabber Girl brand allowed Tony Hulman to purchase the dilapidated and shuttered Indianapolis Motor Speedway from Eddie Rickenbacker in November 1945 and build the Indianapolis 500 into the worlds largest single-day sporting event beginning in 1946.

The Indianapolis Motor Speedway was built in 1909 and began hosting theIndianapolis 500beginning in 1911. With the exception of skipping a year during World War I, it ran every Memorial Day until World War II shut down the facility from 1942-45.

The Hulman-George family takes great pride in the Clabber Girl brands success, history and critical role in the development and rich cultural fabric of Terre Haute, Hulman & Company chairman Anton Hulman Tony George said. Clabber Girl will always be a cherished and celebrated part of our legacy, and were excited weve found a strong steward for its very bright future.

B&G Foods, Inc. (NYSE: BGS), is a leading manufacturer, seller and distributor of shelf-stable and frozen foods across North America.

Our core focus is the pursuit of world-class motorsports competition and entertainment, Hulman & Company president and CEO Mark Miles said. This decision positions us to fully focus on the continued direction and growth of INDYCAR, the Indianapolis Motor Speedway and IMS Productions. It also provides Clabber Girl with a well-prepared owner ready to use its vast expertise and considerable resources to accelerate the growth of the newest member of its impressive portfolio.

Like Clabber Girl, B&G Foods has spent more than a century in the food business. The company maintains more than 50 brands and 2,500 employees across North America. This includes Ortega, Green Giant, Cream of Wheat, Mrs. Dash, Back to Nature and many others.

We are excited to join the B&G Foods family as we add our iconic Clabber Girl brand to its impressive portfolio of brands consumers both recognize and trust, Clabber Girl president and COO Gary Morris said. Clabber Girl will benefit from the knowledge and reach B&G Foods will provide as a seasoned food manufacturer and distributor. Together, we will continue to grow this historic business.

Guggenheim Securities, LLC acted as Hulman & Companys financial advisor for this transaction.

Tags:Indianapolis 500Indianapolis Motor SpeedwayIndyCar

Who has speed for qualifying and who needs it after FastFriday

Click to share on Facebook (Opens in new window)

Click to share on Twitter (Opens in new window)

Click to share on Flipboard (Opens in new window)

Click to share on Reddit (Opens in new window)

Click to email this to a friend (Opens in new window)

INDIANAPOLIS The worlds most famous racetrack always has rewarded a sublime mix of bravery, experience and skill.

But this weeks IndyCar practice sessions have been a good reminder that sometimes even having all three in abundance still isnt enough to tame Indianapolis Motor Speedway.

Just ask Ryan Hunter-Reay, the 2014 winner of the Indianapolis 500 and 2012 NTT IndyCar Series champion who had a major wiggle Friday before he managed to save his No. 28 Dallara-Honda from becoming the latest victim claimed during a particularly treacherous four-day stretch on the intimidating 2.5-mile oval.

THE 103RD INDIANAPOLIS 500: Click here for how to watch, full daily schedules

Ive got to go change my underwear real quick, Hunter-Reay told NBCSNs Marty Snider during the Fast Friday practice session. That was close to writing the car off, no doubt. Yeah, I got away with one there.

You just have to put it aside and trust its not going to happen again, he said. Youve got to have faith.

NTT IndyCar Series (@IndyCar)May 17, 2019

There will 36 IndyCar drivers trying to put aside some uneasy feelings and bad memories to claim one of 33 spots in the 103rd Running of the Indy 500 while ignoring a rather daunting question.

After four consecutive days of harrowing moments and violent crashes (and two cars briefly getting airborne), how much hairier will it be while pushing the limits at 230 mph for four consecutive laps Saturday and Sunday?

Were going to earn our money, Marco Andretti said after ranking second Friday with a 230.851 mph lap.

PRACTICE REPORT: Conor Daly atop the speed chart

The No. 25 Honda of his Andretti Autosport teammate Conor Daly topped the speed chart Friday, followed by the Honda of 2017 Indy 500 winner Takuma Sato. The top Chevrolet was Spencer Pigot (230.755) in fourth, but its expected that Chevys will have an advantage in qualifying.

Certainly interesting to see whats going to happen, said Daly, who also will have the advantage of making the first attempt when qualifying begins at 11 a.m. Saturday (presumably under cooler conditions). Everyone is closer than we expected, manufacturer-wise. There are some little differences there for sure, but the Honda guys are working super hard step by step make it go as fast as possible.

In the search for speed, rookies and inexperienced drivers predictably have suffered the most this week.

First-timersFelix RosenqvistandPato OWardboth cracked the wall after tempting fate by running low lines around the Brickyard.

Kyle KaiserandFernando Alonso, both of whom are making their second Indy 500 starts, also crashed and put their teams behind.Juncos Racing is scrambling to have a backup ready for Kaiser to qualify Saturday,while McLaren Racing lost Thursdays practice before putting Alonso back on track Friday for the 24th-fastest speed (229.328).

But there have been several veterans namely Hunter-Reay who also have seemed spooked by one of racings most treacherous tracks, particularly with Fridays boost of 50 horsepower.

Sage Karam, who aims to make his sixth start in the Indy 500, was flummoxed by the performance of his No. 24 Dallara-Chevrolet.

This definitely is the most difficult year for difficulty in traffic, the Dreyer & Reinbold Racing driver said. Its really hard to drive. Its 100 percent grip one second, and boom, it goes away. Its just not consistent. Its a really tricky car this year.

My main concern is getting in the show. Ive got to figure something out.

Karam was 32nd on the list of non-tow speeds, which can be the most indicative of the single-car conditions of qualifying (which is unaffected by drafting and traffic).

Among the others who could be in trouble are Rosenqvist (26th) and Alonso, who is 30th. The two-time Formula One champion admitted he had concerns about qualifying after making 77 laps Friday.

Its the same for everybody, he said. Surprises can happen. Hopefully tomorrow we are a good surprise.

The two-fastest non-tow laps were turned by the Chevys of teammates Ed Jones and Ed Carpenter, whose Ed Carpenter Racing car has won the Indy 500 pole in three of the past six seasons.

Alexander Rossi (who finished fourth in last years Indy 500 after qualifying a disappointing 32nd) was third fastest on the non-tow speed chart, and the No. 27 Honda driver is expecting that temperature fluctuations over the weekend will have major impacts on speed.

I think its the most weather-sensitive track we go to just because the margins are so small, and everything is already kind of on such a knife edge, Rossi told Snider on the NBC Sports Gold broadcast. You have 5 degrees of track temperature, and it makes a difference on the car.

Just trying to have a full arsenal of stuff because we know how important qualifying is going to be.

Many drivers were anxious about the qualifying draw that was conducted early Friday evening. Though there are unlimited attempts at qualifying, those making their first attempts in late morning and early afternoon are likely to have much conditions conducive to faster speeds.

When you will do the run is going to be a big factor if its a hot day, Alonso said. So yeah, if we are in the wrong moment of the day, which it seems that the luck will put us in that moment this week

Rosenqvist also will be seeking to change his fortunes. The Indy 500 would mark the first career oval race for the Chip Ganassi Racing driver, who admitted Friday he is adapting to the mental challenge of navigating Indy.

It is a very tricky place, Rosenqvist said It can just bite you really hard, no matter how slowly you go through it, the limit is the limit. Its a tricky place.

Almost like the length of the whole thing makes it even harder because if you feel comfortable, maybe you tend to just stop there and not continue to work. If you dont feel good, you know theres a panic to get quicker. Its probably more mental than anything else Ive done or any other race Ive done.

Tags:103rd Indianapolis 500Indianapolis 500practice

Post was not sent – check your email addresses!

Sorry, your blog cannot share posts by email.